The U.S. upped the ante Wednesday in the trade war with China, at the same time it appears to be making progress on NAFTA, a development that could help soothe a worried stock market. President Donald Trump Wednesday told U.S. Trade Representative Robert Lighthizer to consider bumping the proposed 10 percent tariffs on $200 billion
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So many rugs—only one Jill Zarin.Ngoc Minh Ngo Jill Zarin is a woman of many talents and not all of them have to do with creating great reality television. Before she was a Real Housewife, she was a real name in the décor industry—running Zarin Fabrics with her late husband, Bobby. Now she’s going back
The Federal Reserve did not raise interest rates Wednesday, but it did set the stage for a September hike. That gives consumers time to firm up their finances. Fed officials, including Chairman Jerome Powell, have already raised interest rates twice this year and pointed to two more increases before the end of 2018. Yet just
Labor pressure and unpredictably high medical and legal expenses weighed heavily on Cheesecake Factory’s second-quarter earnings, prompting the company to cut its forecast and sparking a selloff of its shares Wednesday. The casual dining chain’s stock shed more than 13 percent in trading Wednesday. Since January, the stock has gained just over 1 percent. Cheesecake
Mike Novogratz, a former Goldman Sachs Group Inc. partner, is far past the point of no return with his Bitcoin merchant bank. Galaxy Digital LP trades on TSX Venture Exchange as of today says Bloomberg, despite the crypto market’s bear movement in 2018. Galaxy Digital LP Trades on TSX Venture Exchange Galaxy Digital, former Goldman
Crypto exchange Coinbase is now offering deposits and withdrawals denominated in the British pound (GBP), the firm announced Wednesday. The exchange’s U.K. division will now offer same-day deposits and withdrawals from the platform, allowing transfers to happen almost immediately. In a statement, Coinbase U.K. chief executive Zeeshan Feroz wrote that this system will replace the previous
Venezuelan President Nicolas Maduro is pictured during the left-wing Latin America Forum of São Paulo held in Havana on July 17, 2018. In a rare moment of honesty, Maduro blames himself and his party for the country’s crisis. (Photo by YAMIL LAGE / AFP) News flash! Socialism in poor, closed-door economies is a failure. So
More tariffs, Mr. President? (Photo by Jim WATSON / AFP) President Trump is expected to provide an update on the China trade war later today. Expectations are that the $200 billion worth of Made in China goods being tossed around to get hit with a 10% duty at American ports will not be upped to
Bitcoin’s price posted gains in the first month of the third quarter, snapping the longest losing streak it’s seen in nearly two years. The world’s largest cryptocurrency by market capitalization rose 20 percent in July, having registered losses in the previous two months – the first instance of back-to-back monthly drops since August 2016. At
U.S. interest rates are moving higher because the U.S. government is taking on more longer term debt and global central banks are stepping back from some of the easy policies they adopted in the financial crisis. The benchmark 10-year Treasury yield jumped through 3 percent for the first time since June 13, after languishing in
SAN FRANCISCO (MarketWatch) — Among the companies whose shares are expected to see active trade in Thursday’s session are Lululemon Athletica Inc., Finisar Corp., and Target Corp. Lululemon Athletica LULU, +1.67% is projected to report first-quarter earnings of 32 cents a share, according to a consensus survey by FactSet. “We believe, given the stock’s performance
Jessica VerSteeg modeled professionally for 10 years before going on to become the CEO of her own cannabis blockchain company. She has over 300,000 followers on Instagram and once appeared on the Amazing Race as a contestant.Jessica VerSteeg If you’ve ever sat on your couch one night while buzzed and wondered why a young woman
Most likely, this is the best-known picture of a flag ever taken: Buzz Aldrin standing next to the first U.S. flag planted on the Moon. For those who knew their world history, it also rang some alarm bells. Only less than a century ago, back on Earth, planting a national flag in another part of
GoPro shares could rise significantly when the company posts its financial results this week, according to J.P. Morgan. The firm said the company’s stock price is now low enough for the shares to rally on a decent earnings report. GoPro is slated to report its second-quarter earnings results Thursday after the market close. “We expect
DCEX uses Ripple tech, entering the crypto market as a brand new decentralized cryptocurrency marketplace with Ripple (XRP) at its core. According to a press release published yesterday, the San Francisco-based platform just opened registration for institutional and retail investors. DCEX Uses Ripple Tech The new platform was developed by the blockchain firm AlphaPoint and
Bitcoin’s 26 percent rally left many a cryptocurrency in the dust over the course of July. Indeed, the bitcoin dominance rate, a widely used indicator that tracks the percentage of the total crypto market cap contributed by bitcoin, rose to 48 percent, up from 42 percent, to record a 7-month high over the 31-day period,
Online bank Swissquote opened its banking doors to accommodate Bitcoin trading accounts for its clients in July of 2017. It was thought to be the first European online bank to do this. A year on, and Swissquote has revealed the fruits of its labor for adopting the cryptocurrency with a 44% surge in profits attributed to the
When it comes to high-end U.S. real estate, there’s no shortage of skeptics who warn of nosebleed valuations and slim pickings of obvious bargains. And they’re probably right. Yet the two big money investors who capitalized on the buys that abounded after the financial crisis, Brookfield Asset Management and Blackstone Group, continue to churn out
David Einhorn, president of Greenlight Capital Inc., speaks. Photographer: Michael Nagle/Bloomberg Famed hedge fund investor David Einhorn is having a brutal year. He’s down over 18% in 2018, posting some of the worst performance in the entire hedge fund industry. Surprisingly, it could have been worse for Einhorn. Despite his losses, Einhorn actually dodged a big bullet
Bitcoin’s price risks deeper losses below $8,000 as the bears seem to be winning a four-day-long tug-of-war with the bulls, technical studies indicate. At press time, BTC is changing hands at $7,950 on Bitfinex – down 2 percent in the last 24 hours – having clocked a low of $7,968 earlier today. The cryptocurrency was largely
Check out the companies making headlines before the bell: Pfizer – Pfizer reported adjusted quarterly profit of 81 cents per share, 7 cents a share above estimates. Revenue also beat forecasts. Its results were helped by stronger sales of drugs like its arthritis treatment Xeljanz and pneumonia vaccine Prevnar. Procter & Gamble – The consumer
Bloomberg/file 2012 SAN FRANCISCO (MarketWatch) — Among the companies whose shares are expected to see active trading in Friday’s session are Intel Corp. and Finisar Corp. After Thursday’s closing bell, Intel INTC, +0.48% said it is raising its second-quarter revenue outlook on improving PC demand. Intel now expects sales for the current quarter at $13.7
The proposed eco-lodges in Hatta, UAEMeraas Signs offering western junk, a Route 66 diner, Winston cigarettes and oregano adorn plans for a visitor center welcoming international travellers to an ecotourism destination set in the scenic mountainside outside… Dubai? As the UAE looks to diversify its tourism sector, developer Meraas released photos this month of projects bringing the kitschy
There’s always a catch. For instance, someone offers you your dream home — whether it’s a villa in Tuscany or a Palm Springs mid-century ranch — at zero financial cost to you. But you’d have to give up a beloved pet, or turn down a fantastic job. Or cheer for the Cleveland Browns, who didn’t
The market’s favorite technology stocks are tanking as investors growing concerned over the companies’ ambitious growth targets following disappointing financial results from Facebook and Netflix this month. The NYSE FANG+ index is down more than 10 percent from its high of 3,062.88 in mid-June after its 2.7 percent drop Monday to the 2,737 level. FANG
The IBM blockchain platform aimed at financial services was launched today, according to a CNBC news report. IBM currently holds several blockchain-based patents and is working on several different projects with Distributed Ledger technology. IBM Paves the Way When cryptocurrency began its ramp up back in mid-2017, several banks around the world started eyeing blockchain technology to see
If cryptocurrency is decentralizing the world of money, a new bitcoin wallet startup thinks it could also help decentralize the world of work. Revealed exclusively to CoinDesk, Misthos launched its multi-signature wallet Monday on top of Blockstack‘s decentralized application platform. One of the first enterprise products launched on Blockstack, the wallet is designed for project
Kim Kardashian promotes Bitcoin: Reality television star Kim Kardashian-West announced to her 114 million Instagram (IG) followers that she staked a physical Bitcoin (BTC) in a charity poker event in LA last night. West’s sisters, Kendall Jenner and Khloe Kardashian, along with their mother Kris Jenner, hosted a table at yesterday’s ‘If Only’ Texas Hold’Em Charity Poker
Ali Mohammadi/Bloomberg Iran’s rial plunged from 98,000 IRR/USD on Saturday to 112,000 IRR/USD on Sunday on Tehran’s Ferdowsi Street. That stunning 12.5% one-day plunge has pushed the rial into a classic death spiral. The last time the rial was in a grip of such a spiral was back in September 2012. The chart below shows
Ever since members of the oil cartel OPEC, led by Saudi Arabia, and 10 non-OPEC producers, led by Russia, came together in a historic 2016 agreement to take 1.8 million barrels per day (bpd) of production out of the global supply pool, there has been a lot of chatter about it leading to something more